Ellison David Ferris 4

What Happened
Ellison David Ferris, CEO of Paramount Skydance Corp (PSKY), had 250,000 restricted stock units convert into 250,000 Class B shares on May 7, 2026 (reported on a Form 4 filed May 11, 2026). No cash was paid for the conversion (reported price $0.00). To satisfy tax withholding on the vesting, 127,200 shares were withheld by the issuer (valued at $10.76 per share, totaling $1,368,672), leaving a net increase of 122,800 shares issued to Mr. Ferris.

Key Details

• Transaction date: May 7, 2026; Form 4 filed: May 11, 2026 (timely within standard Form 4 deadlines).
• Conversion: 250,000 shares acquired via exercise/conversion of RSUs (derivative) at $0.00.
• Tax withholding: 127,200 shares withheld at $10.76/share = $1,368,672; these shares were withheld by the issuer and were not sold in the open market.
• Net new shares to insider: 122,800 shares (250,000 issued − 127,200 withheld).
• Footnotes: RSUs were originally granted Aug 7, 2025 and vest in quarterly installments over five years; filing notes periodic dividend reinvestment activity and that some reporting involves Skydance Entertainment Group, LLC (Mr. Ellison is the manager).

Context
This was a scheduled vesting of RSUs (award conversion), not an open-market buy or sale. The tax withholding is a common administrative disposition and does not represent a market sale. For investors, RSU vesting increases the insider’s share count but is a routine compensation event rather than an explicit buy/sell signal.